At 5:30 am ET Friday, UK's fourth quarter GDP and current account reports are expected from the Office for National Statistics. The current account deficit is estimated to decline to GBP 5.9 billion from GBP 7.7 billion in the third quarter. Ahead of the release, the pound showed weakness against its major counterparts. At 5:25 am ET, the pound was quoted at 0.9417 against the euro, 140.91 versus the yen, 1.6234 against the franc and 1.4368 versus the dollar.

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